Full Year 2025 Ashmore Group PLC Earnings Call Transcript
Key Points
- Ashmore Group PLC (AJMPF) reported strong emerging markets performance, with 70% of assets outperforming over three years and 81% over five years.
- The company's seed capital investments contributed GBP40 million to profits, demonstrating effective capital allocation.
- Ashmore Group PLC (AJMPF) maintained its dividend per share at 16.9p, indicating confidence in its financial stability.
- The company is experiencing growth in its local and equities businesses, with new platforms established in the year.
- Ashmore Group PLC (AJMPF) is expanding its global presence with new offices in Qatar and Mexico, enhancing its distribution network.
- Assets under management (AUM) decreased by 3% to $47 billion, reflecting challenges in attracting new investments.
- Revenues declined by 22% due to lower average AUM and reduced performance fees.
- EBITDA fell by 33% year-on-year to GBP52.5 million, indicating pressure on profitability.
- Diluted earnings per share (EPS) decreased by 13% to 11.8p, highlighting a decline in shareholder returns.
- The company faces ongoing challenges in the high yield space, with net redemptions impacting overall performance.
Hi, morning. Thank you for coming. We're talking. My name is Mark Coombs, CEO of Ashmore. This is Tom Shippey, Finance Director. And we're updating on our full-year results to end of June '25. This is a high-level overview.
Performance has been pretty good this period actually. We're an active manager. It's working. The last 12 months have been very good. I've seen very good emerging markets returns full stop on the indices and we have outperformed as well. So that's all been pretty good despite a lot of noise in the US and elsewhere.
We're now -- our outperformance now is we're up to 70% outperforming over three years which is the kind of place you want to be 81% over five. And generally, in a good place for people to invest when they decide they want to get back to the marketplace.
Our AUM is now $47 billion, which is down 3%. Net redemptions have slowed down pretty dramatically. We're now in the inflow in equity the local businesses and in an investment grade. So the only shoes that we need to drop
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